Unlocking Huge Potential of Mineral Exploration
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About MMDR Amendment Act, 2021:
♦ The 2015 MMDR Amendment Act introduced transparency in the allocation of mineral concessions in mining leases and exploration licenses.
♦ In this non-stop endeavour, the Mines and Minerals (Development and Regulation) Amendment Act, has been further liberalized in March 2021.
♦ The latest amendment is anticipated to expand employment and funding in the mining sector, enlarge the income to the States, increase production and time bound operationalization of mines,maintain the continuity of mining operations after the tenant changes, and accelerate the pace of mineral exploration and auction resources.